Debt restructuring accelerated through IMF agreement – State Minister for Finance

State Minister for Finance Shehan Semasinghe stated that the Agreement entered with the IMF and the staff-level agreement reached following the First Review of Sri Lanka’s Extended Fund Facility Arrangement will support to settle arrears owed to multilateral creditors while expediting the debt restructuring process.

He added that Sri Lanka is poised to receive the second tranche of US$ 330 million subsequent to the approval of this Staff-Level Agreement by the IMF Executive Board.

The State Minister  made these remarks at a press conference held at the Presidential Media Centre (PMC), today (20) under the theme ‘Collective Path to a stable country’.

(PMD)